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Securing, Stabilizing, and Rebuilding Iraq: GAO Audit Approach and Findings
The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.
Since 2001, Congress has appropriated about $640 billion for the global war on terrorism, the majority of this for operations in Iraq. In Jan. 2007, the Pres. announced ¿The New Way Forward¿ to stem violence in Iraq and enable the Iraqi gov¿t. to foster national reconciliation. This new strategy established goals and objectives to achieve over 12 to 18 months, or by July 2008. This report discusses progress in meeting key goals in ¿The New Way Forward¿: (1) improve security conditions; (2) develop capable Iraqi security forces and help the Iraqi gov¿t.; (3) enact key legislation; (4) spend capital budgets; and (5) provide essential services. Also discusses U.S. strategies for Iraq. Includes recommendations. Charts and tables.
Public Law 110-28 requires a report to Congress by Sept. 1, 2007, on whether or not the gov¿t. of Iraq has met 18 benchmarks contained in the Act, & the status of the achievement of these benchmarks. The benchmarks stem from commitments first articulated by the Iraqi gov¿t. in June 2006. In comparison, the Act requires the admin. to report in July & Sept. 2007 on whether satisfactory progress is being made toward meeting the benchmarks, not whether the benchmarks have been met. The author reviewed gov¿t. documents & interviewed officials from U.S. agencies, the U.N.; & the gov¿t. of Iraq. He also made multiple visits to Iraq during 2006 & 2007. This analyses was enhanced by 100 Iraq-related audits that have been completed since May `03.
Iraq has an estimated 115 billion barrels of crude oil reserves, the third largest in the world. Oil export revenues are critical to Iraq¿s reconstruction, accounting for over 90% of the Iraqi government¿s revenues. In June 2008, the author reported low 2007 spending rates by the Iraqi gov¿t. for some critical sectors in the face of declining U.S. investments in these sectors. This report examines: (1) Iraq¿s estimated revenues from 2005 through 2008; (2) Iraq¿s estimated expenditures from 2005 through 2008; (3) Iraq¿s financial deposits through 2007 and budget surpluses; (4) U.S. cumulative expenditures on stabilization and reconstruction activities in Iraq since 2003; and (5) factors affecting Iraq¿s efforts to accelerate spending. Charts and tables.